Hello all. Below is the weekly cheat sheet. On Wednesday, I’ll have a free post out on upcoming catalysts and narratives to watch out for. Thursday will have another small cap deep dive. And Friday will have this month’s whale watching post. Lastly, in case you missed it, I had some recent interviews with Blocmates and the Daily Degen, which are worth checking out if you want to learn more about my background, how I got started in crypto, what I’m building and advice I have.
Crypto majors bounced over the week, with BTC up 3% (trading at $16.4k), while ETH was up 7% (trading at $1,210). With most of the contagion from FTX’s fallout seemingly behind us, macro may take more importance over the coming month, and here are the key dates to watch out for:
11/30 - Jerome Powell speaking event
12/1 - PCE inflation
12/2 - NFP employment
12/13 - November CPI Data
12/14 - next FOMC meeting
💰Smart Money Flows:
7-Day Largest Inflows (Nansen):
MATIC: $11mm
WETH: $6mm
PYR: $2mm
PERP: $2mm
LINK: $2mm
7-Day Largest Outflows (Nansen):
BUSD: -$50mm
USDC: -$45mm
wBTC: -$24mm
xSUSHI: -$4mm
CRV: -$2mm
MKR: -$2mm
📰 This Week’s Crypto News:
FTX-backed DEX Serum calls itself 'defunct,' promotes community fork
Bankman-Fried Robinhood shares are the target of a BlockFi lawsuit
ConsenSys says it collects IP addresses of MetaMask users via Infura
📖 Weekend Reads / Watches:
Understanding G 0.00%↑ MXs network effect and how it's a catalyst for Arbitrum adoption
Fantom: an inside financial peak at being a ‘crypto company’
Thank you for the work ser. Working closely within the industry, I’m watching closely two projects that are Nexus Mutual (wNXM) and Frax Finance (FXS).
Would love to have your analysis or POV on those investments opportunities.
I believe they are underpriced all things considered.